The Long Investor
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$XLP - RC -
🕑 Added 2025-01-21 11:59:50 +0000 UTCConsumer Staples ETF has been struggling since August and came very close to testing its 200 WMA at $74, price has held above the 0.5 Fib so far however.
A hold here or above the 200 WMA and I believe this can go higher and back to the blue line and beyond next.
Losing the 200 WMA and we are looking at this going into the Bull Case and into an ABC correction with the US market, and pulling back to the Red 0.618 Fib at $61.
Comments
A.S.
Can we chart consumer staples against consumer discretionary?
